New York, NY (1888PressRelease)
September 28, 2007 - Business financing available online is nowadays making life much easier for small businesses looking for quick working capital funding, especially those who are plagued by a history of bad credit.
New York based MerchantCashDirect is carving out a niche in providing working capital financing for small businesses in restaurant, retail, or service businesses even if they have piled up bad credit rating but are doing sound business and show a promising future.
For small businesses looking to raise some instant business capital for inventory, cash flow, expansion or advertising, the funding provided by Merchant Cash Direct has come as a shot in the arm.
Typically, a small business owner runs up against a wall while looking for a fast business loan when he is saddled with steep obligations and costs such as application fees, closing costs, fixed payments, equity loss, etc. Moreover, if he has a bad credit history including county court judgments, and defaults on repayments of previous loans or financial transactions, his chances of getting a business loan are next to nil.
Easy Funding, Easy Repayment
Merchant Cash Direct has swept aside all these bottlenecks making the funding process simple, easy and non-burdensome. Merchant Cash Direct provides hassle free funding to small businesses that have no open judgments on bad credit ratings. They are willing to fund working capital requirements if they believe that the business is poised to grow.
Merchant Cash Direct finances up to $150,000 of working capital requirements if the business is:
• A restaurant, retail, or service business.
• Processes at least $4,000/month in credit card sales.
• More than 1 year old.
• An existing business fulfilling the above criteria and the promoters are keen to start a new business.
The repayment would be through an agreed small, fixed percentage of daily credit card transactions of the business.
There is no application fees involved as application is online through the website http://www.merchantcashdirect.com . Businesses qualifying for the financing may also qualify for automatic renewals to raise more business capital any time.
Within 24-48 hours of applying online a pre-approval is effected and within 10 business days the money will be credited to their bank account.
About Merchant Cash Direct
Merchant Cash Direct is a Fifth Avenue, New York (US) based privately-held company formed by businessmen who want to help small business owners overcome immediate funding problems and raise working capital for inventory, cash flow, expansion or advertising needs or even start up a new business alongside their existing one.
It is a partnership of business, legal and financial specialists, who have run small businesses earlier, achieved success and know the challenges a small business owner faces. Merchant Cash Direct has offices in US and Canada.
For further information please contact:
Merchant Cash Direct
US Office: 244 Fifth Avenue • Suite 2080 • New York, NY 10001
Canada Office: 1801, McGill College Ave • Suite 900 • Montreal Quebec • H3A 2N4
Tel: 800.374.4728 Fax: 1-866-751-6284
Email: info ( @ ) merchantcashdirect dot com
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